What is Forex Scalping?

What is forex scalping? Scalping is a short term trading strategy employed by some forex traders in which they attempt to go in and out of the market frequently in order to capture small profits.

Although similar to market making in some respects, the scalping strategy is usually executed in considerably smaller size by currency traders operating via online forex brokers. Nevertheless, such smaller traders usually lack the substantial benefit that market makers enjoy of having customers deal on their spreads to help them finance less favorable trading positions.

Common Mistakes in Using Stop Loss

There are various mistakes that are made by almost every trade while using stops. It is a way to practice money management, but when it is applied incorrectly it ends up in big losses, and certainly nobody wants to lose. Let’s have a look on these common stop usage mistakes.

Understanding Elliot Wave Theory

It is very important to you to understand Elliot Wave Theory that was given by an expert and professional accountant, Ralph Nelson Elliot. He spent more than 0 years in the trading market and closely observed its trends.

Getting Started in a Forex Trade Market

For all good things you need to pay a price. Even to make money you need to spend money. But the question is how much amount of money you must have in order to start a trading business. The answer to this question mainly depends on your approach towards your new business establishment.

How To Make The Right Stop To Make Money Trading Forex?

There are a number of ways to place stops such as a  fixed number of pips, support and resistance levels, previous highs/lows, round numbers, average true range, pivots, Fibonacci and of course the trailing stops. Trailing stops may not be the best stop as it is susceptible to whipsaws. Stops should be placed as soon as you entered the trade. This means that you should know exactly what stop to set even before you enter the trade. Never use mental stops as it’s impossible for you to monitor your trades all the time. You may not be at your computer when price breaks through your stop levels.